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Dinarland Highlights – 1.30.24
MarkZ
[via PDK]
Question: Can the RV happen before the Mar. 11 fiat/asset backed flip?
MarkZ: I don’t know anything about that date … but its anticipated to happen soon. Can it happen before that date? Absolutely – especially what is happening this week. Today [Monday] has already been a huge day.
…bank story from Canada… “My brother went to a Canadian Imperial bank of Commerce or CIBC in Saskatoon. Establishing his new bank account...my brother said he had several devalued currencies. Then he asked them if they were aware of the RV we are waiting on. She replied “Yes I am – I can’t say anything else as I am under an NDA from the bank“ So they cannot give details but they are ready.”
“Burhan Nassir Mohammed Al Namral sworn in as Iraq’s new Parliament speaker” This one is important. It has been rumored in some circles for a few months that he was a stickler for moving forward with the white papers and rate change. I’m taking this as a good sign.
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Mountain Goat
Article:
“NATO CONFIRMED TODAY, TUESDAY, THAT IRAQ IS A REGIONAL LEADER IN THE REGION AND IS TODAY MORE SECURE AND STABLE”
Quote:
“…the NATO mission is an advisory mission, not a combat mission, and that Iraq is a regional leader in the region, and is safer today and stability.”
This was nice to hear that they believe Iraq is SAFER and STABLE. This is what we need.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Sudani says Iraq is on the verge of transformation process.
FRANK: Transforming from a program rate to a sovereign national rate…Everyday Sudani is pointing in the direction of your new exchange rate or your new national currency. Everyday he tells you there’s a transaction, yeah from a program rate to an international rate.
[Georgia Bank Story]
BANK VISITOR: Today I went to a bank called Truist in Georgia…I asked [the financial advisor] you mind if I get a minute…I’d like to ask you a few questions? She said Yeah…I said I’ve been banking with this bank a long time…Have you heard of the Iraqi dinar? She got quiet…She said, well I know there are things happening in Iraq…yes…I can’t really tell you anything but if you want to ask me some question I’ll be more than happy to answer…
FRANK: Bingo!
BANK VISITOR: …Are you guys going to be exchanging the Iraq dinar? She said, well we will not be exchanging the Iraqi dinar but we will take it and send it off for you to have it exchanged.
I said, I don’t know I want that to happen without knowing who that might be and she said, I can’t tell you but I can answer your questions. I said, well is Chase Bank part of that? She said, yes. I said, What about Bank of America…? She said yes…
FRANK: The answers she’s given you IMO are spot on.
FRANK: Did you ask her if they’re going to have a fee to exchange?
BANK VISITOR: Yeah…I said, if I was to exchange here what is the fee you would charge me…? She said…from my understanding there will not be a fee for people especially of a certain caliber.
FRANK: Bingo!
BANK VISITOR: She said, but we can discuss that more at an appropriate time…probably not too far in the future…
[Iraq boots-on-the-ground report]
FIREFLY: Alaq is in the news and he’s talking about the monetary reform mechanism that the CBI used to control the rate the project to delete the 3-zeros still exists. He’s saying the parallel market will come to an end soon.
FRANK: Oh my goodness! This is what we want to hear. This is who we want to hear it from. This is perfect.
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Pimpy
Changing the exchange rate has a huge impact on inflation, imports and exports. I think Iraq can easily go up in increments. This will allow them to really monitor the inflation. This will also increase the quality of life for the Iraqi people.
Guru Nader question:
“People are going to lose money if they change the 25000 for 25…If…I get 25 dinars that means I’m gonna go to the bank, if it go 3 to 1 that mean I’m gonna have only $75?”
I told everybody that is a possibility. Doesn’t mean it’s gonna happen but I’m saying this is what people should at least be prepared for…There’s a possibility they delete the zeros and then change the exchange rate.
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MilitiaMan
1310 is not a Real Effective Exchange Rate. I don’t think the largest accounting firms in the world would be dealing with this, at this time, which they’ve never done before, we’ve never seen ever the Central Bank of Iraq talk about…the 13 [big accounting firms]…They have now.
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Fnu Lnu
They do not have a massive amount of Dinar with which to deal. Small incremental increases of value over time will guarantee failure and all the many billions of dollars spent, and man-hours wasted will for naught. It is more likely they will come out high on the exchange rate and let it fall until it finds equilibrium instead of creeping upwards in 2% measures every 90 days over decades. Meanwhile everyone loses faith in the GOI, riots, and starves to d***h. Small increments over time makes absolutely no sense and is illogical.
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Samson (KTFA)
Article:
“Senior US Treasury official travels to Iraq to counter illicit finance”
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Clare (KTFA)
Article:
“The US Treasury includes an Iraqi bank on the sanctions list”
Quote:
“On Monday, the US Treasury Department included the Iraqi Al-Huda Bank on the sanctions list, as a source of major concern regarding money laundering because it “acts as a channel for financing terrorism by Iran.”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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